Dec 6, 2013 4:00am EST
, zurich, we've got some selling in shividon. nestle is under pressure. across the board on balance, you can see on these indices, the xetra dax 0.5%. across the periphery, there's an underperformance by the italian stock market down 0.25%. the big ticket item today is the nonfarm payroll number. employers are expected to add 180,000 jobs, down from 204,000 earlier. the jobless rate, while it is expected to drop to 7.2%, we've been asking our guests about their expectations. >> expectation is something close to the market consensus, which is 193,000. >> we're looking for somewhere between 185 to 200 in print on friday. >> we think a 200 handle is very achievable in the next several months. >> a slightly lower yields across the curve this morning. the exception being italy where the yield has climbed up 1.25%. on u.s. treasuries, we did get a move higher yesterday. we've got gilt closer to that 3% mark after we saw the autumn statement yesterday. so we're closing the gap, about 9 basis points off that 3% mark. i want to move on to foreign exchange rates we are seeing across on this curve.
Dec 6, 2013 6:00am EST
of the big flavors out there in packaged gs goods. we've heard today nestle launched some of its stake in givaudan. givaudan has dropped 3.4%. nestle, on the other hand, is up 1.25%. but the speculation about what this means for l'oreal, shares up 3.3% in trade. let me show you foreign exchange markets. we've been talking about some of those eagle eyed investors now watching what the dollar trade is. traderers were saying we were trapped in the range for most of the week. and the focus and direction will come today when that hits the tape. so far, we are seeing a drift off that euro/dollar trade. perhaps this shows us the direction of sentiment already because it was a very strong pop yesterday on the euro after mario draghi continued to juggle those policy tools out there. so 1.3669 for the dollar/yen rate. 103 was the level. 102 is the handle right now. we had the autumn statement by the chancellor yesterday showing us the momentum really is behind growth here. so we are holding currently, but this may all change as we get that jobs print coming out stronger than expected. the austra
Dec 6, 2013 9:00am EST
it guarantees 15% of loans there. but these guys are absolutely rocking. intrigue on nestle, the espresso maker, sold out its 10% stake in the giant flavor, for $1.2 billion. the big prize is what will it do with the stake in l'oreal when that lockup expires in april? and the debate is whether this make it is more or less likely they will sell that stake. you know we've had bad weather here in the midwest. they've got bad weather in europe, as well. let me take you to london where the thames barrier was actually closed last night. this is the barrier that protects london from tidal surges. they were predicting the biggest tidal surge there in over 30 years. i thought we could see the thames barrier. what a shame. but the bad weather is coming p up, the north sea, germany, the netherlands, also being really quite badly hit, and thousands of people have had to be evacuated from the southeast coast. >> weather's a big story all around the world. >> yes. absolutely. >> bob pisani has the dow holding the gains there. >> my biggest fear, up almost 140 points, this was the upside for the whole day, a